Common use of Continued Funding and Technology Contribution Commitment Clause in Contracts

Continued Funding and Technology Contribution Commitment. In the event of the withdrawal of a Consortium Member pursuant to this Article, such Consortium Member’s rights and obligations pursuant to any executed MTEC Research Project Awards, including but not limited to, continued funding and technology contribution commitments shall continue in accordance with the specific terms and schedule of the MTEC Research Project Award under the OT Agreement to completion or until the Government, MTEC, and the Consortium Member come to agreement to terminate the Agreement, whichever is first. Should a Consortium Member receiving an award under the OT Agreement for a multi-year program of work withdraw its membership after such award, the withdrawing Member shall receive no funding beyond the program year in which the withdrawal of membership occurs.

Continued Funding and Technology Contribution Commitment. In the event of the withdrawal of a Consortium Member pursuant to this Article, such Consortium Member’s rights and obligations pursuant to any executed MTEC SCEC Research Project Awards, including but not limited to, continued funding and technology contribution commitments shall continue in accordance with the specific terms and schedule of the MTEC SCEC Research Project Award under the OT Agreement to completion or until the Government, MTECSCEC, and the Consortium Member come to agreement to terminate the Agreement, whichever is first. Should a Consortium Member receiving an award under the OT Agreement for a multi-year program of work withdraw its membership after such award, the withdrawing Member shall receive no funding beyond the program year in which the withdrawal of membership occurs.